Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Unusually-High Trading Volume – Here’s What Happened

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC – Get Free Report) shares saw unusually-strong trading volume on Wednesday. 1,147,440 shares traded hands during mid-day trading, an increase of 440% from the previous session’s volume of 212,683 shares. The stock last traded at $82.2250 and had previously closed at $82.63.

Fidelity MSCI Health Care Index ETF Stock Down 1.4%

The company has a 50 day moving average of $81.82 and a two-hundred day moving average of $76.01. The firm has a market cap of $3.39 billion, a P/E ratio of 21.23 and a beta of 0.60.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Hedge funds have recently made changes to their positions in the business. Meramec Financial Planners LLC raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 65.3% in the 1st quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock worth $28,000 after purchasing an additional 156 shares in the last quarter. Bessemer Group Inc. bought a new stake in Fidelity MSCI Health Care Index ETF during the first quarter worth approximately $69,000. Motiv8 Investments LLC bought a new stake in Fidelity MSCI Health Care Index ETF during the fourth quarter worth approximately $88,000. Allied Private Wealth LLC acquired a new position in Fidelity MSCI Health Care Index ETF in the second quarter worth approximately $126,000. Finally, Centaurus Financial Inc. grew its position in Fidelity MSCI Health Care Index ETF by 43.8% in the first quarter. Centaurus Financial Inc. now owns 2,625 shares of the company’s stock worth $185,000 after buying an additional 800 shares during the last quarter.

About Fidelity MSCI Health Care Index ETF

(Get Free Report)

The Fidelity MSCI Health Care Index ETF (FHLC) is an exchange-traded fund that is based on the MSCI US IMI 25\u002F50 Health Care index, a market-cap-weighted index of stocks in the broad US health care sector. FHLC was launched on Oct 21, 2013 and is managed by Fidelity.

Further Reading

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